Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1887-03-05

q nGngh uuosns 6nan1na11so q - uD,epaa.,
q = lns111ooo Oo1oasS.
umnoD. 0osseD s-ltb - unoommou occur.
sooO - 0eeoaet1le e1eoaoa, When n srchant
Ananelal1y woak. eeaes0piaSo 0efraudiue ~
eeeoitoOs - beo1A ~ Afa0A VisA Q grsat 6our.
- q ensscileslng a11 aAssounting his obiisa-
~ 1Aci1itses zoe iaeesasing his assets Ct the
orO0ltoeuf 0NponSo.
eooat Wish Il undsrssood that ve consider
The Equitable Lie AssuaAncs Society q con.
ss.snss "a. "is;%;nS 70 a' = .snsn
csAny tAs strongest life company in the world "
should mako s1ch q flourish over the cancella.
t1ca Of eAo Of u eAti, s.0s oatsta n1ins oblisa
tsoos. = was aeus In your issus Of The ist inst
Wntle The hopes Of its creditors, rather scrsp.
A0toers, centre around the oss.5iO.s71 assets. or
just 10 % 100 cents on the dollar remaining for
their benent notwfthst tandins claimed nagnf'
cent surplus ri esO. .ssAliA
eapAsr out that merchant having assumed OBJ
ligaticus, or Issued papcr 70 ~ extsnt Of o&ll,
55Aoo4 with asssts whieh n vasuss at
ean have surpius OF over twenty millions. Iet
SAis = just ths position Of The Equitable Life
AssurAncs Soessty to-day. VITA ~ Capital
otcok a. oio oo4 The major portion Of which u
oAs1 70 b. owned individually By It President,
~ boldly claius that ths entire snvsSry-vrvI
pany. alias Mr.. n. u. HYDE, and that The policy.
hoaeer tor rathsr crip.hclaer) has no right TO
questioa the soivsncy or nanasemens Of ~
Corporataon, and Il has gone to protest II you
arc Interested In any way In this great institu.
tion ana question our assumptions, please ask
your lawyer 70 hunt up " Bsseley ~. EqSitobls.'
le0s whore the Equitable Life Assurance used
tAe following In its answer OF defense: zAe
psotns0 as poltcv-AoIders Aaps NO rioAt ssAich
eNstttss item to bring thts action. ne pelicy.
Motder 70 Nef cDsrui ouB TRusr, and nstihsr TIE
otssesors NOR tie company are rSsfsss zNs
po1tet-hoider % not q partner, hs 10 not a cred
Uor. hs u nes a membsr eg tie Company. Hs n 4
rsssoS wno noLps Al AaRHKHIxr TO RDcIrvn 4
cnfAiH Sun On 4 CERTAIN DAT . . .
ths fund produced by tie payment Of all TIE
pvssiwms does wes IN avg sense belong to the
postcy-hoIdsrs. Bur BRLoSas BxcLrsivnlY TO rus
ConrAsI" Pay: who u the Company '-Ths
Capital Stock. who owns the stock
The President holds the major portion there.
Of. and virtually owns and controls the whole
Ana at the 0pportune nom snt may conclude to
resire ana re-insuro his outstanding obligations
with the United states. the Brooklyn or some
other concern at IN expense OF Fifty-nins MI.
nons, which 10 alleged 70 be The extent Of the
l EQuitables liabilities, and thus compensate
himself for services rendered. with the balance
"a 66s'7; such d the security furnisAs1 By The
taeosfestbis tndispGt0bls contract Of the IQuit-
able. which = nothing moro OF les than the
agreement between the individual holder and
nr. hyde. who IL truly remarkable man; his
nAnknees ana boadness 10 enchanting on this
ago OF obsequiousness. Unfortunately he h
mortal: virtues may be transmitted, but not
transferred. hence the scrip -holders of the
Equitable have little assurance that his sue
oessor will possess his sterling virtues.
fohcy holden In suoh companies a. the New
England. the Mutual Benefit ths Connecticut
Mutual and the Mutual Life, hold very different
relations to their companies. they are al part.
i nerss In . great arm, having equal inherent In.
alienable rfghts. "Whers heads. not dollars
tsibutions.
Actions count and the Equitable 10 NO excep
I tSon. Its sworn statements to the lnsu me-
Companies Of the state disclose the folioNtns
facts. which see:
Vol. 10 insurance In force January.
voa: 70. New Insurance wTittsn during i;'''''''
yo! il Hs1 in;uiSncs Written during
vol il new insarance written aurin. '''
VOL ii New in.uiance white. daii;ss
co@p.ny: statement.
written during lsan6t II, SO 10
ro.a, ool,sa,...sss .sss ou,...na,n. in ,s,
@SAr "a hnce .-................. .o6B, A99 ,09e
/eompesyS STATE ment Dec 81, 1883:
Insurance in force or outstanding OBJ
u8ationA.. tul, ,119, ,0o
Balance. 7m,ss
Of obligations cancsled In the short space o
l i've years.
What did the cancellation cost, The Insur
ancs reports say:
vS,; - Pa report Payments to policy:
vci; I 6. report Payment; to policy. ''.'''
voi: is =; report. Payments: TO policy. '''iO'
vSi IS =. s:poli. Payment: 10 policy. ''s''s =
comPsnys statement Paymsnt.;i to ''''''''
policy noloers 1856 s.6..................... 1855 &C
Total payments ......................ss %, 10, 50
Now, honest reader. don't you think that
corporation that can cancel A.7ao. .seiof its oh